Bitcoin ETF Outflows Soar Past $460M Amid Inflation Jitters

Bitcoin ETFs experienced significant outflows this week, totaling $461.8 million. This represents a sharp decline in demand compared to last week's nearly $1 billion in inflows.

The sudden shift may be attributed to the recent inflation data showing Core CPI at a five-year low of 2.4%. The Federal Reserve's upcoming policy decision is also expected to impact investor sentiment.

Bitcoin faces fresh pressure as investors await the Fed's move, which could lead to further market volatility.